Fehr, Ernst; Klein, Alexander; Schmidt, Klaus M. - C.E.P.R. Discussion Papers - 2001
We show that concerns for fairness may have dramatic consequences for the optimal provision of incentives in a moral … concerned with fairness. Conversely, contracts that are doomed to fail when there are only selfish actors provide powerful … of a series of experiments. Furthermore, our results suggest that the existence of fair actors may be an important reason …